Just hours some of the top leaders of the Saffron party boasted that the economic process of demonetisation benefited the Indian economy hugely, the Union Agricultural Ministry, which functions under the central government led by the rightist part, itself have admitted through a report that the act of demonetisation adversely affected farmers.
In the report submitted by the ministry to the parliament’s standing committee on finance, it is said that many farmers suffered huge difficulties to meet their agricultural requirements in the aftermaths of demonetisation. There are indications in the report that the time selected to implement the act is what that inflicted more injuries to the farmers than the act. Normally, the month of November is when the Indian farmers use the facility of cash the most. From that assumption, it remains clear that no serious through was put in that front by those who articulated the, so called, historic financial revamp.
The report is likely to play a huge role in the outcome of the latest assembly election. In at least three of the five states which are at the edge of assembly elections –Madhya Pradesh, Rajasthan and Chhattisgarh, the element of agriculture is powerful enough to decide the outcome of the elections.
Vignesh. S. G
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